First PacTrust Bancorp Announces Quarterly Dividend

December 03, 2012 04:19 PM Eastern Standard Time

IRVINE, Calif.--(BUSINESS WIRE)--First PacTrust Bancorp, Inc. (NASDAQ: BANC), the multi-bank holding
company for PacTrust
Bank and Beach
Business Bank, today announced that, based upon third quarter
results, the Board of Directors has declared a quarterly cash dividend
of $0.12 per share on its outstanding common stock. The dividend will be
payable on December 30, 2012 to shareholders of record as of December
14, 2012. Based upon the trading price as of November 30, 2012 of
$11.80, this cash dividend results in an annualized dividend yield of
4.07% percent.

Steven Sugarman, the Chief Executive Officer of First PacTrust Bancorp,
stated: “Management and the Board are pleased to continue our dividend
policy which we believe provides our shareholders an attractive,
tax-efficient return. During the third quarter we completed the
acquisition of two significant banking institutions which, we believe,
will further build upon our strategy and franchise, and accelerate First
Pactrust Bancorp’s future earnings and dividend growth.”

This will be the seventh cash dividend that is subject to First PacTrust
Bancorp’s Dividend Reinvestment Plan (DRIP). All registered shareholders
participate in the DRIP program unless an “opt-out” form is submitted to
First PacTrust Bancorp’s transfer agent, Registrar and Transfer Company.
Participants in the DRIP program are able to convert the value of their
cash dividend into the direct purchase of stock from the Company at a 3%
discount from the applicable market price.

About First PacTrust Bancorp

Based in Irvine, Calif., First
PacTrust Bancorp, Inc. is the holding company of PacTrust
Bank and Beach
Business Bank which together operate branch locations in Los
Angeles, Orange, San Diego and Riverside counties. Including the
recently completed acquisition of Gateway Business Bank, First PacTrust
has approximately $1.6 billion in assets and operates a total of 19
banking offices and 23 loan production offices in California, Arizona,
Oregon and Washington.

Forward-Looking Statements

This press release includes forward-looking statements within the
meaning of the “Safe-Harbor” provisions of the Private Securities
Litigation Reform Act of 1995. These statements are necessarily subject
to risk and uncertainty and actual results could differ materially from
those anticipated due to various factors, including those set forth from
time to time in the Company’s filings with the Securities and Exchange
Commission. You should not place undue reliance on forward-looking
statements and the Company undertakes no obligation to update any such
statements to reflect circumstances or events that occur after the date
on which the forward-looking statement is made.